Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") announces that on May 23, 2017, it priced the following medium term notes to be sold to investors in Canada:
3.0 year US$900,000,000 at 2.05% Maturing June 01 2020
9.5 year US$600,000,00 at 3.42% Maturing December 01 2026
30 Year US$300,000,000 at 4.85% Maturing May 30 2047
TD Securities Inc., RBC Dominion Securities Inc., and Scotia Capital Inc. acted as joint lead agents and joint book-runners for the offering of the medium-term notes. BMO Nesbitt Burns Inc., and CIBC World Markets Inc., acted as joint lead agents and AltaCorp Capital Inc. and Desjardins Securities Inc. acted as co-agents for the offering of the medium-term notes.
Canadian Natural intends to apply the net proceeds from the sale of the medium-term notes to partially finance the previously announced acquisition of working interest in the Athabasca Oil Sands Project and to pay certain fees and expenses related to the acquisition.
The sale of the medium-term notes was issued under the Company's Canadian base shelf prospectus dated October 30, 2015.
Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.